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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Kenwood Sun who wrote (11760)	4/20/1998 11:15:00 PM
From: Spots	Respond to of 12298

Yes, I agree, though with no basis other than past oservation. There's no reason in this stock that I can see. One of the all time best arguments for technical analysis, to my mind. Clearly the market knows a hell of a lot more than I do. One of us is REALLY stupid, and I've learned not to doubt the market, irrespective of the unpleasantness of the conclusions, and, therefore, I must conclude ... ... That I'm darned glad I happen to be out of APM at the moment. So why am I reading this thread? Because I'm (demonstrably, see above) stupid ...

To: Kenwood Sun who wrote (11760)	4/21/1998 12:13:00 AM
From: 777 Captain	Respond to of 12298

As fundamentally unfounded as it sounds, you may very well be correct. That's the thing that really scares me the most about this market. Who knows, maybe really bad news will turn out to be really good news, and the stock will go to 15, I doubt it, but again, it wouldn't suprise me. Even though I'd make some money on my position, it would really push the argument about reallocating the portfolio from its present structure. (And to think that I'm part of the problem, e.g., buying in anticipation of being able to sell to someone else at a higher price.) Maybe we're all practicing the greater fool theory, just too blind to realize it. Regards.